Will Nifty, Sensex tumble on Monday? 5 factors which will drive D-Street action this week
The Indian stock market faces a volatile week as investors weigh the impact of rising oil prices, bond yields, and geopolitical tensions between the US and Iran. Analysts are monitoring these factors closely following a seven-week losing streak for the Nifty index.
Why it matters
Market volatility in India's financial sector can have significant implications for global emerging market investment trends.
The Indian stock market overall recorded losses last week, with Nifty overall ending in the red for the seventh consecutive week amid soaring bond yields and a sharp selloff in insurance and financial stocks after IRDAI’s reform proposals. Analysts now highlight that the market’s direction during the upcoming week will be determined by oil prices, bond yield trajectory and other key factors.Sensex and Nifty sharply crashed on Thursday, tumbling nearly 2% each and wiping off a significant portion of investors’ wealth. The market then recovered some losses on Friday, but volatile crude and bond yields at elevated levels kept the market recovery capped.Also read | Nifty logs 7th straight weekly loss for the first time in 6 years: Time to be fearful, or can bulls pull off a comeback?The Indian stock market will remain closed on October 2 (Friday) on account of Mahatma Gandhi Jayanti.
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